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REGISTERED NUMBER: 12645353 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2022 to 2 February 2023

for

KRE Corporate Recovery Limited

KRE Corporate Recovery Limited (Registered number: 12645353)






Contents of the Financial Statements
for the Period 1 July 2022 to 2 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KRE Corporate Recovery Limited

Company Information
for the Period 1 July 2022 to 2 February 2023







DIRECTORS: P W Ellison
R C Keyes
D R Taylor
A R Wardle
A I Wilson





REGISTERED OFFICE: Unit 8, The Aquarium Building
1-7 King Street
Reading
RG1 2AN





REGISTERED NUMBER: 12645353 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

KRE Corporate Recovery Limited (Registered number: 12645353)

Balance Sheet
2 February 2023

2.2.23 30.6.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,818,333 3,040,000
Tangible assets 5 25,226 32,212
2,843,559 3,072,212

CURRENT ASSETS
Stocks - 550,238
Debtors 6 549,111 214,098
Cash at bank 309,389 1,055,366
858,500 1,819,702
CREDITORS
Amounts falling due within one year 7 (2,303,952 ) (456,818 )
NET CURRENT (LIABILITIES)/ASSETS (1,445,452 ) 1,362,884
TOTAL ASSETS LESS CURRENT LIABILITIES 1,398,107 4,435,096

CREDITORS
Amounts falling due after more than one year 8 - (3,077,096 )
NET ASSETS 1,398,107 1,358,000

CAPITAL AND RESERVES
Called up share capital 18,299 18,299
Retained earnings 1,379,808 1,339,701
1,398,107 1,358,000

KRE Corporate Recovery Limited (Registered number: 12645353)

Balance Sheet - continued
2 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 2 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 2 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





A I Wilson - Director


KRE Corporate Recovery Limited (Registered number: 12645353)

Notes to the Financial Statements
for the Period 1 July 2022 to 2 February 2023

1. STATUTORY INFORMATION

KRE Corporate Recovery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2022 - 12 ) .

KRE Corporate Recovery Limited (Registered number: 12645353)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 2 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 2 February 2023 3,800,000
AMORTISATION
At 1 July 2022 760,000
Charge for period 221,667
At 2 February 2023 981,667
NET BOOK VALUE
At 2 February 2023 2,818,333
At 30 June 2022 3,040,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 121,651
Additions 18,173
At 2 February 2023 139,824
DEPRECIATION
At 1 July 2022 89,439
Charge for period 25,159
At 2 February 2023 114,598
NET BOOK VALUE
At 2 February 2023 25,226
At 30 June 2022 32,212

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2.2.23 30.6.22
£    £   
Trade debtors 108,041 108,956
Other debtors 441,070 105,142
549,111 214,098

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2.2.23 30.6.22
£    £   
Trade creditors 1,672 19,342
Taxation and social security 328,994 428,871
Other creditors 1,973,286 8,605
2,303,952 456,818

KRE Corporate Recovery Limited (Registered number: 12645353)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 2 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2.2.23 30.6.22
£    £   
Other creditors - 3,077,096

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2.2.23 30.6.22
£    £   
Within one year 40,000 40,000
Between one and five years 80,000 96,667
120,000 136,667